CrowdStrike Holdings Inc. posted its fiscal first quarter earnings results, that beat analysts’ expectations. The cybersecurity company also boosted its annual guidance.
CrowdStrike incurred a fiscal first-quarter loss of - 14 cents a share. Its adjusted earnings came in at 31 cents a share, handily topping the 23 cents a share expected by analysts polled by FactSet. The figure was 10 cents a share a year earlier.
Revenue of $487.8 million (up from $303 million in the year-ago quarter) also beat analysts’ expectations of $464 million.
Looking ahead, CrowdStrike projects adjusted earnings in the range of 27 cents to 28 cents a share, higher than analysts’ forecast of 24 cents a share. The company expects revenue of $512.7 million to $516.8 million for the quarter, vs. analysts’ prediction of $510 million (based on FactSet estimates).
For the full-year, the company is expecting adjusted earnings of $1.18 to $1.22 a share, higher than its prior guidance of $1.03 to $1.13 a share. It predicts revenue of $2.19 billion to $2.21 billion, vs. previous forecast of $2.13 billion to $2.16 billion.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where CRWD declined for three days, in of 280 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on April 02, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CRWD as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
CRWD moved below its 50-day moving average on April 04, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CRWD crossed bearishly below the 50-day moving average on April 10, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
The Aroon Indicator for CRWD entered a downward trend on April 19, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CRWD's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 53 cases where CRWD's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CRWD advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .
CRWD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CRWD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to slightly better than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (33.557) is normal, around the industry mean (29.911). CRWD has a moderately high P/E Ratio (863.622) as compared to the industry average of (155.220). Projected Growth (PEG Ratio) (1.384) is also within normal values, averaging (2.725). Dividend Yield (0.000) settles around the average of (0.081) among similar stocks. P/S Ratio (25.510) is also within normal values, averaging (55.249).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CRWD’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a holding company, which provides cloud-delivered solution for next-generation endpoint protection.
Industry PackagedSoftware